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Deferral of second payment on account

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HMRC has published new guidance Defer your self-assessment payment on account due to coronavirus (Covid-19) on deferring the self-assessment second payment on account (POA) for the 2019/20 tax year due to the impact of coronavirus. HMRC has confirmed that it will not charge interest or penalties on any amount of the deferred POA, provided it is paid on or before 31 January 2021.Those opting to defer their POA do not need to inform HMRC. Those who normally make POA by direct debit should cancel their direct debit as soon as possible to avoid the payment being taken from their account automatically.

Issue: 1488
Categories: News